Would you let your teenager take over the family finances.
Today's teenagers are superconsumers: splashing their cash on snacks, clothes, games and socailising with friends. Money issues are often at the root of family conflicts. Frequently, parents feel that their teenager's spending habits are excessive, while the teen feels they need more money for life's necessities! But who wins the financial battle?
Should the parents give in and pay up or should they set limits and encourage accountability?
Would you let your teenager take over the family finances?
In Teenage Boss we do.
Under the guidance of a financial expert mentor, we let the teenager assume responsibility for the whole family budget over the course of a month. The ultimate goal is to teach the teenager (and the family) how to spend the money at hand in a sensible, balanced way.
Through realistic and fun challenges, teenagers and their families are seriously put to the test.